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Nexgen Energy Ltd.
Jan 15, 2026 at 11:30 AM UTC
Original
ELI5

NexGen Announces Expansion of High-Grade Subdomain at Patterson Corridor East (PCE) and Commencement of 2026 Exploration Program Totalling 45,500 Meters

PCE Expansion:

• Vertical extent of high-grade subdomain has increased by 23% from 335 m to 412 m with 210 m of strike length.

• Additional expansion of the mineralized footprint to 700 m vertical extent (from 600 m) and to 620 m strike length (from 600 m).

• Additional high-grade subdomain building at 850 m below surface, extending high-grade in this portion of the mineralization and opening it to further growth.

2026 Drilling Program Commencement:

• 42,000 meters ("m") of diamond drilling at PCE in 2026 to be largest program conducted at the discovery to date building on the highly successful 2025 growth and results.

• Inaugural drilling at NexGen's 100% owned SW3 property with 3,500 m to advance high-priority targets.

Vancouver, British Columbia--(Newsfile Corp. - January 15, 2026) - NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) ("NexGen" or the "Company") is pleased to announce the concluding holes of the 2025 PCE program and the commencement of the 2026 Exploration Program.

2025 PCE

Final drill holes of the 2025 PCE program delivered continued expansion of mineralization with high-grade growth and assessment of extents advancing significantly since the Company's last scintillometer report (see news release dated August 28, 2025). The primary high-grade subdomain grew to 412 m in vertical extent (increase of 77 m) and a strike length of 210 m. An additional high-grade subdomain is developing with hole RK-25-257 intersecting local off-scale (>61,000 cps) at the base of the currently outlined mineralized footprint, indicating significant expansion potential at depth (Figures 1-4, Table 1).

The overall mineralized footprint expanded to 620 m (increase of 20 m) of strike length and 700 m (increase of 100 m) of vertical extent, remaining open in most directions. Step out testing has provided critical information regarding extents of the system and opportunities for continued growth.

Internal continuity within the subdomain was most recently highlighted by RK-25-271 with 5.8 m of cumulative high-grade (>10,000 cps) and 0.8 m of off-scale (>61,000 cps) that increases the mineralized zone in the lower half of this subdomain (Figure 3, Table 1). Hole RK-25-271 is located 65 m down-dip from hole RK-25-256 (see news release dated December 1, 2025) which returned 5.5 m at 21.4% U3O8, including 2.5 m at 46.1% U3O8 and 0.5 m at 74.8% U3O8.

The 2025 drilling program successfully completed 35,366.2 m, the largest reported in the Athabasca Basin in 2025. Since discovery (see news release date March 11, 2024), 102 drillholes totalling 69,042.2 m have been completed (Figure 1). A dual focused approach was taken in 2025 to both grow and define multiple high-grade subdomains as well as expand the overall mineralized footprint. To date, 67 of the 102 drill holes are mineralized, including 45 intersecting high-grade (>10,000 cps) and 17 intersecting off-scale (>61,000 cps).

Figure 1: Interpreted model of mineralization at PCE (as of this release); new holes emphasized by larger diameter pierce points and bold labels; view is a long section that looks perpendicular to the primary mineralized plane; total mineralized footprint in orange and the high-grade subdomains in red; drillholes with pending assays are underlined, 32% of 2025 drillholes have fully received results (as of this release).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1745/280488_b713282ce42e299c_002full.jpg

Figure 2: Comparison of mineralization at PCE over time with the model evolving based on new geological data; dimensions are measured from confirmed mineralized intercepts along strike and vertical extent; view is a long section that looks perpendicular to the primary mineralized plane; total mineralized footprint in orange and the high-grade subdomains in red.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1745/280488_b713282ce42e299c_003full.jpg

Figure 3: Core photo from RK-25-271 displays mineralization from 624.7 to 640.6 m down hole with abundant high-grade and several instances of off-scale in competent basement rock; yellow outlines >1,000 cps, red outlines >10,000 cps, >61,000 cps outlined in purple.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1745/280488_b713282ce42e299c_004full.jpg

Figure 4: Representative geological cross-section through high-grade subdomain looking northeast with confirmed dip extent of 450 m and width up to 135 m; uranium mineralization shown as red overlay; interpretation of features extending beyond drillholes aided by drilling information outside of cross-section width (25 m).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1745/280488_b713282ce42e299c_005full.jpg

2026 Exploration Program Commencement

Advancement of PCE mineralization with 42,000 m of drilling (Figure 5):

Drilling activity will primarily focus on high-grade growth and the continued expansion of the mineralized footprint. At least eight (8), 200 m spaced tests will also investigate for repetition of basement-hosted mineralization within the same hydrothermal system approximately 600 m southeast of the PCE discovery.

Figure 5: Map of PCE with ground gravity in background, target areas are hosted within gravity low denoted by blue colours, interpreted faults are shown as black dashed lines; primary focus in the immediate vicinity of PCE mineralization with additional secondary investigation of local system.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1745/280488_b713282ce42e299c_006full.jpg

Regional drilling of 3,500 m at SW3 (Figure 6):

An inaugural, drill program will take place on the SW3 land package with regional greenfield testing of highly prospective target areas. This marks the first drilling on any SW3 mineral claims by NexGen and an exciting step in the direct investigation of geophysical anomalies identified. The SW3 package is one of the three core packages NexGen owns 100% of in the southwest Athabasca Basin and is situated 20 km southeast of the SW2 package which hosts the Rook I Project.

Figure 6: Map of SW3 with inset of overall NexGen land packages; 3,500 m will investigate highest priority target areas, outlined in red, in this greenfield setting.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1745/280488_b713282ce42e299c_007full.jpg

Leigh Curyer, Chief Executive Officer, commented: "We are extremely pleased with the 2025 outcomes from the 2025 drill program at PCE that delivered on our dual-purpose objectives of expanding the overall mineralized footprint and expand the high-grade subdomain within it. These results systematically outline mineralization that continues to deliver growth and strong continuity, characteristics synonymous with Arrow deposit 3.5 km west. The 2025 drill program has rapidly advanced this new discovery, while underscoring the tremendous prospectivity of NexGen's 100% owned dominant land holdings which is driving the expanded activity in 2026. The 2026 program is designed to continue the dual track focus at PCE and in parallel, test for a repetition of PCE within the same system. In addition, drilling for the first time at our SW3 property is a reflection of the south western section of the Athabasca Basin world class prospectivity.

At a pivotal moment for global energy security, nuclear power is being recognized as an indispensable pillar for reliable, clean, cost efficient energy. The NexGen team is laser focused on concluding the final Federal permitting and licensing for the Rook I Project and immediately advancing through construction into production whilst simultaneously advancing the exciting PCE discovery and other high priority targets."

Jason Craven, Vice President, Exploration, commented: "Last year's highly transitional and successful program positions NexGen to enter 2026 with an even deeper understanding of this broad and growing high-grade system. A multitude of targets remain to be tested as we continue to systematically advance PCE with a dual priority track of expanding both the high-grade subdomains as well as the overall mineralized system. The comprehensive 2026 program strategically positions all three land packages on an exciting path toward expansion of PCE as well as additional discoveries as NexGen works to sustainably supply the world with uranium in the face of mounting and persistent deficits."

Table 1: Spectrometer results since August 28, 2025 release

Drillhole

Unconformity Depth (m)

Handheld Spectrometer Results (RS-125)

Hole ID

Azimuth

Dip

Total Depth (m)

From (m)

To (m)

Width (m)

CPS Range

RK-25-254c2

275

-65

553.5

-

394.0

394.5

0.5

<500 - 530






394.5

395.0

0.5

<500 - 510






396.5

397.0

0.5

<500






409.5

411.5

2.0

<500






412.0

413.5

1.5

<500






420.5

421.0

0.5

<500






421.0

421.5

0.5

<500 - 900






421.5

422.0

0.5

<500






429.5

430.0

0.5

<500






437.5

438.0

0.5

<500 - 710






438.0

438.5

0.5

<500 - 530






438.5

439.0

0.5

<500 - 6500






439.0

439.5

0.5

<500 - 520






439.5

440.0

0.5

1000 - 4900






440.0

440.5

0.5

1000 - 12000






440.5

441.0

0.5

<500 - 9000






441.0

441.5

0.5

<500 - 1000






441.5

442.0

0.5

<500






442.0

442.5

0.5

<500






442.5

443.0

0.5

<500






446.0

446.5

0.5

<500 - 2000






446.5

447.0

0.5

<500 - 800






447.0

447.5

0.5

<500






447.5

448.0

0.5

<500 - 1000






448.0

448.5

0.5

<500






448.5

449.0

0.5

<500 - 700






449.0

449.5

0.5

<500 - 600






449.5

450.0

0.5

<500 - 700






450.5

451.0

0.5

<500






451.0

451.5

0.5

<500 - 700






451.5

452.0

0.5

<500 - 550






452.0

452.5

0.5

<500






452.5

453.0

0.5

<500 - 540






453.0

453.5

0.5

<500






453.5

454.0

0.5

<500 - 700






454.0

454.5

0.5

<500






457.0

457.5

0.5

<500






481.5

482.0

0.5

<500 - 600






482.0

482.5

0.5

<500 - 1300






482.5

483.0

0.5

<500 - 510






483.0

483.5

0.5

<500






483.5

484.0

0.5

<500






490.5

491.0

0.5

<500 - 1350






491.0

491.5

0.5

<500






491.5

492.0

0.5

<500






492.0

492.5

0.5

<500






492.5

493.0

0.5

<500






493.0

493.5

0.5

<500 - 700






493.5

494.0

0.5

<500






495.5

496.0

0.5

<500






496.0

496.5

0.5

<500 - 3600






496.5

497.0

0.5

<500 - 2000

RK-25-255

4

-70

950.4

112.7

674.5

675.0

0.5

<500






676.5

677.0

0.5

<500






779.5

780.0

0.5

<500 - 770






780.0

780.5

0.5

<500 - 1000






780.5

781.0

0.5

<500 - 2900






781.0

781.5

0.5

<500 - 4400






781.5

782.0

0.5

<500 - 2400






782.0

782.5

0.5

<500 - 550






782.5

783.0

0.5

<500 - 1200






785.5

786.0

0.5

<500 - 1000






786.0

786.5

0.5

<500






787.0

787.5

0.5

<500






789.5

790.0

0.5

<500






790.0

790.5

0.5

<500 - 1200






790.5

792.5

2.0

<500






792.5

793.0

0.5

<500 - 1000






793.0

798.0

5.0

<500






798.0

798.5

0.5

<500 - 1100






799.5

800.0

0.5

<500 - 620






800.5

801.0

0.5

<500






804.0

804.5

0.5

<500






805.0

805.5

0.5

1200 - 6700






807.0

807.5

0.5

<500 - 5000






807.5

807.7

0.2

10000 - 12000






807.7

807.8

0.1

>61000






807.8

808.0

0.2

<500 - 520






808.0

808.5

0.5

<500 - 3900






829.5

830.0

0.5

<500 - 520






830.0

830.5

0.5

<500 - 590






832.0

833.0

1.0

<500






833.0

833.5

0.5

<500 - 560






833.5

835.0

1.5

<500






835.5

836.5

1.0

<500






838.5

839.5

1.0

<500






840.5

841.0

0.5

<500






842.0

842.5

0.5

<500






842.5

843.0

0.5

<500 - 990






844.0

844.5

0.5

<500 - 940






844.5

845.0

0.5

<500 - 1700






845.0

845.5

0.5

<500 - 620






845.5

846.5

1.0

<500






847.5

848.0

0.5

<500 - 870






848.0

848.5

0.5

<500






851.5

852.0

0.5

<500 - 5300






852.0

852.5

0.5

<500 - 18400






885.5

886.0

0.5

<500






886.0

886.5

0.5

<500 - 800






886.5

887.0

0.5

<500 - 600






889.0

889.5

0.5

<500 - 550






889.8

890.1

0.3

6600 - 31000






890.1

890.5

0.4

<500

RK-25-257

337

-68

1085.0

108.0

925.0

925.5

0.5

<500 - 4800






925.5

926.0

0.5

<500 - 1180






929.5

930.0

0.5

<500 - 840






930.5

931.0

0.5

<500






931.0

931.5

0.5

<500 - 510






938.0

938.5

0.5

<500 - 1180






940.5

941.0

0.5

520 - 760






941.0

941.5

0.5

600 - 1500






941.5

942.0

0.5

<500 - 1190






942.0

942.5

0.5

530 - 1300






942.5

943.0

0.5

700 - 5100






943.0

943.2

0.2

3000 - 33000






943.2

943.3

0.1

>61000






943.3

943.5

0.2

2000 - 28000






943.5

944.0

0.5

580 - 2000






944.0

944.5

0.5

500 - 1300






944.5

945.0

0.5

1700 - 2800






946.0

946.5

0.5

850 - 9000






948.0

948.2

0.2

17000 - 43000






948.2

948.4

0.2

>61000






948.4

948.5

0.1

4000 - 9000






948.5

949.0

0.5

1800 - 50000






949.0

949.5

0.5

660 - 7100






949.5

950.0

0.5

750 - 6900






950.0

950.5

0.5

13000 - 5100






950.5

951.0

0.5

<500 -540






951.0

951.5

0.5

700 - 18000






951.5

952.0

0.5

<500 -540






952.0

952.5

0.5

<500 - 1830






954.5

955.5

1.0

<500






955.5

956.0

0.5

<500 - 710






956.0

956.5

0.5

<500






956.5

957.0

0.5

<500 - 1090






957.0

957.5

0.5

<500 - 1030






958.5

959.0

0.5

<500 - 750






959.5

960.0

0.5

<500 - 900






960.0

960.5

0.5

<500 - 720






960.5

961.0

0.5

680 - 3280






961.0

961.5

0.5

<500 - 540






961.5

962.0

0.5

<500 - 1280






962.0

962.5

0.5

<500 - 1230






962.5

963.0

0.5

<500 - 680






963.0

963.5

0.5

<500 - 1200






963.5

964.5

1.0

<500






965.5

966.0

0.5

<500 - 860






966.0

966.5

0.5

<500






968.5

969.0

0.5

<500 - 1300






971.5

972.0

0.5

<500






990.5

993.0

2.5

<500






993.0

993.5

0.5

<500 - 830






993.5

994.0

0.5

1700 - 3200






994.0

994.5

0.5

1200 - 3100






994.5

995.0

0.5

1100 - 3290






995.0

995.5

0.5

2000 - 5300






995.5

996.0

0.5

4000 - 9100






996.0

996.5

0.5

<500 - 900






996.5

997.0

0.5

<500 - 7380






997.0

997.5

0.5

900 - 2200






997.5

998.0

0.5

2980 - 2340






998.0

998.5

0.5

<500






1005.0

1005.5

0.5

600 - 3700






1005.5

1006.0

0.5

<500 - 1100






1006.0

1006.5

0.5

<500 - 1600






1006.5

1007.0

0.5

<500






1007.0

1007.5

0.5

<500 - 1300






1007.5

1008.0

0.5

<500






1009.5

1010.0

0.5

<500 - 3600






1010.0

1012.0

2.0

<500






1012.0

1012.5

0.5

<500 - 5000






1012.5

1013.0

0.5

1000 - 7500






1013.0

1013.5

0.5

790 - 10000






1013.5

1014.0

0.5

1050 - 9000






1014.0

1014.5

0.5

<500






1017.5

1018.0

0.5

<500 - 1900






1023.5

1024.0

0.5

<500 - 550






1024.0

1024.5

0.5

<500 - 760






1026.0

1026.5

0.5

<500






1026.5

1027.0

0.5

<500 - 4250






1027.0

1027.5

0.5

<500






1027.5

1028.0

0.5

580 - 4690






1028.0

1028.5

0.5

680 - 1390






1028.5

1029.0

0.5

780 - 2230






1029.0

1029.5

0.5

600 - 43000






1030.5

1031.0

0.5

<500 - 11000






1031.0

1031.5

0.5

<500 - 1090






1032.0

1032.5

0.5

<500






1032.5

1033.0

0.5

<500 - 29000






1033.0

1033.5

0.5

<500 - 5750






1033.5

1034.0

0.5

<500 - 1500






1035.5

1036.0

0.5

<500






1036.0

1036.5

0.5

<500 - 1500






1036.5

1037.0

0.5

<500

RK-25-257c1

337

-68

1139.0

-

964.0

966.0

2.0

<500






1037.0

1037.5

0.5

<500






1039.5

1040.0

0.5

<500 -700






1040.0

1040.5

0.5

<500 - 650






1040.5

1041.0

0.5

<500 - 750






1041.0

1041.5

0.5

<500 - 530






1041.5

1042.0

0.5

<500 - 620






1042.0

1042.5

0.5

<500






1044.0

1044.5

0.5

<500 - 690






1044.5

1045.0

0.5

<500 - 700






1048.5

1049.0

0.5

<500






1094.5

1095.0

0.5

<500

RK-25-257c2

337

-68

1104.0

-

997.5

998.0

0.5

<500






998.5

999.0

0.5

<500






1000.5

1001.5

1.0

<500






1036.5

1037.0

0.5

<500 - 1300

RK-25-258

278

-67

249.0

117.8

No significant intersections

RK-25-258c1

278

-67

687.0

-

499.0

499.5

0.5

<500






500.0

500.5

0.5

<500 - 2800






500.5

501.0

0.5

<500 -900






501.0

501.5

0.5

<500 - 1700






501.5

502.0

0.5

<500






502.5

503.5

1.0

<500






506.5

507.0

0.5

<500






507.0

507.5

0.5

<500 - 720






507.5

508.0

0.5

<500 - 620






508.0

508.5

0.5

<500 - 870






508.5

509.0

0.5

<500






514.0

514.5

0.5

<500






519.5

520.0

0.5

<500






520.0

520.5

0.5

<500 - 1300






520.5

521.0

0.5

<500 - 2300






521.0

521.5

0.5

<500 - 900






521.5

522.0

0.5

<500






534.5

535.0

0.5

<500






535.5

537.5

2.0

<500






538.0

538.5

0.5

<500






538.5

539.0

0.5

<500 - 1300






539.0

539.5

0.5

<500






545.0

546.0

1.0

<500






546.0

546.5

0.5

<500 - 1000






546.5

547.0

0.5

<500






549.0

551.0

2.0

<500






551.0

551.5

0.5

<500 - 2800






551.5

552.0

0.5

<500






552.0

552.5

0.5

<500 - 3300






552.5

553.0

0.5

3000 - 36000






553.0

553.5

0.5

1300 - 17000






553.5

554.0

0.5

2500 - 14000






554.0

554.5

0.5

550 - 2300






554.5

555.0

0.5

<500 - 1000






555.0

555.5

0.5

600 - 2000






557.0

557.5

0.5

<500






557.5

558.0

0.5

<500 - 760






558.0

558.5

0.5

1000 - 3600






558.5

559.0

0.5

3200 - 26000






559.0

559.5

0.5

9000 - 30000






559.5

560.0

0.5

5500 - 12000






560.0

560.5

0.5

600 - 3800






560.5

561.0

0.5

2000 - 6500






561.0

561.5

0.5

1500 - 3800






561.5

562.0

0.5

700 - 1700






562.0

562.5

0.5

<500 - 1500






562.5

563.0

0.5

1000 - 2500






563.0

563.5

0.5

<500 - 2100






563.5

564.0

0.5

<500 - 700






564.0

564.5

0.5

<500






564.5

565.0

0.5

<500 - 1000






565.0

565.5

0.5

<500






565.5

566.0

0.5

<500 - 530






566.0

566.2

0.2

500 - 3500






566.2

566.4

0.2

>61000






566.4

566.5

0.1

900 - 10000






566.5

567.0

0.5

<500






573.5

574.0

0.5

<500






574.5

575.0

0.5

<500






629.0

629.5

0.5

<500 - 950






629.5

630.0

0.5

<500 - 550






630.0

630.5

0.5

<500






631.5

633.0

1.5

<500






633.0

633.5

0.5

<500 - 1200






633.5

634.0

0.5

<500 - 1300






634.0

634.5

0.5

<500 - 630






635.0

636.0

1.0

<500






642.0

642.5

0.5

<500

RK-25-258c2

278

-67

667.0

-

552.5

553.0

0.5

<500






572.5

573.0

0.5

<500 - 820






573.0

573.5

0.5

<500 - 1800






574.0

574.5

0.5

<500 - 580






574.5

575.0

0.5

<500 - 1100






575.5

576.0

0.5

<500 - 5800






576.0

576.5

0.5

500 - 3500






576.5

577.0

0.5

800 - 2800






577.0

577.5

0.5

1000 - 8500






577.5

578.0

0.5

1400 - 8000






578.0

578.5

0.5

1400 - 9800






578.5

579.0

0.5

1000 - 30000






579.0

579.5

0.5

<500 - 37000






579.5

580.0

0.5

750 - 2400






580.0

580.5

0.5

2100 - 4200






580.5

581.0

0.5

<500 - 19000






582.5

583.0

0.5

<500






584.0

584.5

0.5

<500






584.5

585.0

0.5

<500 - 2350






585.0

585.5

0.5

500 - 5300






585.5

586.0

0.5

<500 - 2500






586.0

586.5

0.5

900 - 7000






586.5

587.0

0.5

<500 - 4100






587.0

587.5

0.5

500 - 27000






587.5

588.0

0.5

<500 - 1100






588.0

589.0

1.0

<500






589.5

590.0

0.5

<500






591.0

591.5

0.5

<500






592.0

592.5

0.5

<500 - 2500






592.5

593.0

0.5

<500 - 600






594.0

594.5

0.5

<500 - 750






594.5

595.0

0.5

<500 - 770






595.0

595.5

0.5

<500






598.0

598.5

0.5

<500






598.5

599.0

0.5

<500 - 520






601.0

601.5

0.5

<500






602.0

602.5

0.5

<500






603.5

605.5

2.0

<500






605.5

606.0

0.5

<500 - 1500






606.0

606.5

0.5

<500 - 700






606.5

607.0

0.5

<500 - 3000






607.0

607.5

0.5

900 - 2800






607.5

608.0

0.5

<500






608.0

608.5

0.5

<500 - 1800






608.5

609.0

0.5

<500 - 510






609.0

609.5

0.5

<500 - 1800






618.5

619.0

0.5

<500 - 520






619.5

624.0

4.5

<500






629.0

629.5

0.5

<500 - 750






629.5

630.0

0.5

<500






630.0

630.5

0.5

<500 - 1300






638.5

639.0

0.5

<500

RK-25-259

280

-68

609.0

118.7

461.0

461.5

0.5

<500






461.5

462.0

0.5

<500 - 1000






462.0

463.0

1.0

<500






463.0

463.5

0.5

<500 - 1300






463.5

464.0

0.5

<500 - 1200






464.0

464.5

0.5

<500 - 1000






464.5

465.0

0.5

<500






465.5

466.0

0.5

<500 - 700






471.0

471.5

0.5

<500






471.5

472.0

0.5

<500 - 1100






472.0

472.5

0.5

<500






472.5

473.0

0.5

<500 - 510






473.0

473.5

0.5

<500 - 750






473.5

474.0

0.5

<500






474.0

474.5

0.5

<500 - 720






474.5

475.0

0.5

600 - 3300






475.0

475.5

0.5

930 - 20000






475.5

476.0

0.5

<500 - 800






477.0

477.5

0.5

<500






491.0

491.5

0.5

<500






522.0

522.5

0.5

<500






522.5

523.0

0.5

<500 - 1300






523.0

523.5

0.5

<500 - 510






523.5

524.5

1.0

<500






532.5

533.0

0.5

<500






536.5

537.0

0.5

<500 - 1900






537.0

537.5

0.5

<500 - 22000






596.0

596.5

0.5

<500






596.5

597.0

0.5

<500 - 520

RK-25-260

277

-72

879.0

111.0

612.0

612.5

0.5

<500 - 520






614.0

614.5

0.5

<500 - 1690

RK-25-261

275

-70

456.0

-

272.0

273.0

1.0

<500






281.0

281.5

0.5

<500






282.0

283.0

1.0

<500






283.5

284.0

0.5

<500






284.0

285.0

1.0

<500 - 2000






286.0

286.5

0.5

<500






288.0

288.5

0.5

<500






290.5

291.0

0.5

<500






301.0

302.0

1.0

<500






308.0

308.5

0.5

<500






309.5

310.0

0.5

<500 - 600






310.0

312.0

2.0

<500






314.5

315.0

0.5

<500






322.0

324.5

2.5

<500






324.5

325.0

0.5

<500 - 700






325.0

325.5

0.5

<500 - 850






325.5

326.0

0.5

<500 - 540






326.0

326.5

0.5

<500 - 540






326.5

327.0

0.5

<500






327.0

327.5

0.5

<500 - 1300






327.5

328.0

0.5

700 - 16000






328.0

328.5

0.5

900 - 2800






328.5

329.0

0.5

<500 - 600






329.0

330.5

1.5

<500






330.5

331.0

0.5

1000 - 3700






331.0

331.5

0.5

<500 - 1900






331.5

332.0

0.5

<500






332.5

333.0

0.5

<500






333.0

333.5

0.5

<500 - 650






333.5

334.0

0.5

600 - 1000






334.0

334.5

0.5

<500






340.0

340.5

0.5

<500 - 640






340.5

341.0

0.5

<500 - 1100






341.0

341.5

0.5

<500 - 1400






341.5

342.0

0.5

<500 - 640






361.5

362.0

0.5

<500

RK-25-262

280

-70

567.0

119.6

417.0

417.5

0.5

<500 - 560






423.5

424.0

0.5

<500






426.5

427.0

0.5

<500






433.5

434.0

0.5

<500 - 580






435.0

435.5

0.5

<500 - 1400






435.5

436.0

0.5

<500 - 650






436.0

436.5

0.5

<500






438.0

438.5

0.5

<500






442.5

443.0

0.5

<500 - 700






452.5

453.0

0.5

<500 - 2200






455.0

455.5

0.5

<500






458.5

459.0

0.5

<500 - 330






459.0

459.5

0.5

<500 - 640






463.5

464.0

0.5

<500 - 1800






464.0

464.5

0.5

<500 - 5200






464.5

465.0

0.5

<500 - 630






466.0

466.5

0.5

<500






466.5

467.0

0.5

<500 - 1500






470.5

471.0

0.5

<500






490.0

490.5

0.5

<500 - 860






491.0

491.5

0.5

<500 - 650






491.5

492.0

0.5

<500 - 620






492.0

492.5

0.5

<500 - 730






492.5

493.0

0.5

<500 - 600






493.5

494.0

0.5

<500 - 540






494.0

494.5

0.5

<500 - 610






494.5

495.0

0.5

<500 - 3300






495.0

495.5

0.5

<500 - 2100






511.0

511.5

0.5

<500






511.5

512.0

0.5

<500 - 1000






512.0

512.5

0.5

<500

RK-25-263

275

-70

474.0

-

308.5

309.0

0.5

<500






311.5

312.0

0.5

<500 - 1100






312.0

312.5

0.5

<500 - 850






312.5

313.0

0.5

<500






313.0

313.5

0.5

<500 - 950






313.5

314.0

0.5

<500






314.5

315.0

0.5

<500 - 850






320.5

321.0

0.5

<500






356.5

357.5

1.0

<500






413.0

414.0

1.0

<500

RK-25-264

265

-70

390.0

123.8

255.0

256.5

1.5

<500






257.5

258.0

0.5

<500






263.0

264.5

1.5

<500






265.5

267.5

2.0

<500






325.5

326.5

1.0

<500

RK-25-210c1

310

-70

894.0

-

794.0

794.5

0.5

<500






795.0

796.0

1.0

<500






801.5

802.0

0.5

1800 - 35000






802.0

802.5

0.5

1100 - 15000






802.5

803.0

0.5

<500 - 850






803.0

803.5

0.5

<500 - 3500






803.5

804.5

1.0

<500






804.5

805.0

0.5

<500 - 1300






805.0

805.5

0.5

<500 - 1100






805.5

806.0

0.5

<500 - 720






806.0

806.5

0.5

<500 - 850






811.0

811.5

0.5

<500 - 1250






811.5

812.0

0.5

<500 -1600






812.5

813.0

0.5

<500 - 580






813.0

813.5

0.5

<500 - 2200






813.5

814.0

0.5

<500 - 2100






814.5

815.0

0.5

<500 - 750






817.5

818.0

0.5

<500 - 3150






819.0

819.5

0.5

<500






819.5

820.0

0.5

<500 - 3350






820.0

820.5

0.5

<500 - 2100






820.5

821.0

0.5

<500 - 2750






821.0

821.5

0.5

<500 - 11000






821.5

822.0

0.5

<500 - 4500






824.0

824.5

0.5

<500 - 600






824.5

825.0

0.5

<500 - 1350






855.5

856.0

0.5

<500






857.0

857.5

0.5

<500

RK-25-265

270

-68

627.0

119.2

488.0

488.5

0.5

<500






511.5

512.0

0.5

<500






512.0

512.5

0.5

<500 - 530






512.5

513.0

0.5

<500 -1620






515.5

516.0

0.5

<500

RK-25-210c2

310

-70

909.0

-

811.0

811.5

0.5

<500






811.5

812.0

0.5

1100 - 6200






812.0

812.5

0.5

<500 - 520






812.5

813.0

0.5

<500






813.0

813.5

0.5

<500 - 620






814.5

815.0

0.5

630 - 7000






816.5

817.0

0.5

<500 - 1200






817.0

817.5

0.5

<500 - 1100






819.0

819.5

0.5

<500 - 600






821.5

822.0

0.5

<500 - 1200






822.0

822.5

0.5

3000 - 20000






822.5

823.0

0.5

<500 - 6000






823.0

823.5

0.5

1000 - 5000






823.5

824.0

0.5

600 - 2400






824.0

825.0

1.0

<500






841.0

841.5

0.5

<500






841.5

842.0

0.5

<500 - 1000






844.5

845.0

0.5

<500






852.5

853.0

0.5

<500 - 780






868.5

869.0

0.5

<500 - 520






887.5

888.0

0.5

<500






888.0

888.5

0.5

<500 - 1000

RK-25-266

275

-67

543.0

122.9

431.5

432.0

0.5

<500






432.0

432.5

0.5

<500 - 6200






432.5

433.0

0.5

<500 - 900






433.0

433.5

0.5

<500 - 690

RK-25-267

274

-68

528.0

126.3

468.0

468.5

0.5

<500 - 900






470.5

471.0

0.5

<500






474.0

474.5

0.5

<500






488.5

489.0

0.5

<500

RK-25-268

280

-60

429.0

135.3

246.0

246.5

0.5

<500






248.0

248.5

0.5

<500






248.5

249.0

0.5

<500






249.0

249.5

0.5

<500






250.0

250.5

0.5

<500 - 650






250.5

251.0

0.5

<500






251.0

252.0

1.0

<500






252.0

252.5

0.5

<500 - 1500






253.5

254.0

0.5

<500






254.0

254.5

0.5

<500 - 630






254.5

255.0

0.5

530 - 1000






255.0

255.5

0.5

650 - 1530






255.5

256.0

0.5

<500






256.0

256.5

0.5

<500 - 650






256.5

257.0

0.5

<500 - 1000






257.0

257.5

0.5

<500 - 900






257.5

258.0

0.5

<500






258.5

259.0

0.5

<500






259.0

259.5

0.5

<500 - 1900






260.0

260.5

0.5

<500 - 600






260.5

261.0

0.5

<500 - 900






261.5

262.0

0.5

<500 - 610






262.5

263.5

1.0

<500






263.5

264.0

0.5

<500 - 900






272.5

273.0

0.5

<500






275.0

275.5

0.5

<500






276.0

276.5

0.5

<500 - 550






276.5

277.0

0.5

<500






277.5

278.0

0.5

<500






280.5

281.0

0.5

<500






285.0

285.5

0.5

<500






288.5

289.0

0.5

<500






289.0

289.5

0.5

<500 - 550






289.5

290.0

0.5

<500 - 2000






290.5

291.0

0.5

<500






293.0

293.5

0.5

<500 - 2550






293.5

294.0

0.5

<500 - 700






294.0

294.5

0.5

<500






295.5

296.0

0.5

<500






301.0

301.5

0.5

<500






305.5

306.0

0.5

<500 - 550

RK-25-269

298

-68

820.0

108.9

671.0

671.5

0.5

<500 - 850






703.0

703.5

0.5

<500 - 1820






709.5

710.0

0.5

<500 - 980






717.5

718.0

0.5

<500 - 700






718.0

718.5

0.5

<500 - 5700






724.5

725.0

0.5

<500 - 1800






727.5

728.0

0.5

<500 - 1380






731.5

732.0

0.5

1500 - 7600






732.0

732.5

0.5

1900 - 7600






732.5

733.0

0.5

500 - 890






733.0

733.5

0.5

<500 - 1890






733.5

734.0

0.5

900 - 2500






734.0

734.5

0.5

800 - 1260






734.5

735.0

0.5

<500 - 1480






735.5

736.0

0.5

<500






736.5

737.0

0.5

<500 - 520






737.0

737.5

0.5

<500 - 590






738.0

738.5

0.5

<500 - 2300






738.5

739.0

0.5

<500 - 540






744.0

745.0

1.0

<500






745.0

745.5

0.5

<500 - 1300






745.5

746.0

0.5

3010 - 3700






746.0

746.5

0.5

<500 - 1200






746.5

747.0

0.5

<500 - 7000






747.0

747.5

0.5

750 - 18000






747.5

748.0

0.5

<500 - 840






748.0

748.5

0.5

<500 - 640






748.5

749.0

0.5

770 - 2490






749.0

749.5

0.5

880 - 1380






749.5

750.0

0.5

<500 - 6600






750.0

750.5

0.5

<500 - 4430






751.5

752.0

0.5

<500






753.0

753.5

0.5

<500 - 680






755.5

756.0

0.5

<500 - 2100






757.5

758.0

0.5

650 - 1200






758.0

758.5

0.5

900 - 34000






758.5

759.0

0.5

2600 - 25000






759.0

759.5

0.5

600 - 2700






759.5

760.0

0.5

<500






760.0

760.5

0.5

<500 - 820






760.5

762.0

1.5

<500






762.0

762.5

0.5

<500 - 3800






762.5

763.0

0.5

500 - 3200






763.0

763.5

0.5

<500 - 790






763.5

764.0

0.5

<500 - 1700






764.0

764.5

0.5

<500






765.0

765.5

0.5

<500






765.5

766.0

0.5

<500 - 520






769.5

770.0

0.5

<500 - 1100






770.0

770.5

0.5

<500 - 1800






771.0

771.5

0.5

<500 - 970






771.5

772.0

0.5

<500 - 2400






772.0

772.5

0.5

<500 - 5800






772.5

773.0

0.5

<500 - 790






773.5

774.0

0.5

<500 - 2800






775.5

776.0

0.5

<500






776.5

777.0

0.5

<500 - 530






777.0

777.5

0.5

700 - 1170

RK-25-270

290

-65

420.0

134.7

No significant intersections

RK-25-271

275

-75

744.0

115.0

587.0

587.5

0.5

<500






587.5

588.0

0.5

<500 - 730






596.0

596.5

0.5

<500






596.5

597.0

0.5

<500 - 1300






597.0

598.0

1.0

<500






598.0

598.5

0.5

<500 - 600






600.0

600.5

0.5

<500






603.0

603.5

0.5

<500






610.0

610.5

0.5

<500 - 520






610.5

611.0

0.5

<500 - 10000






611.0

611.5

0.5

<500 - 1000






612.0

612.5

0.5

<500






612.5

613.0

0.5

<500 - 800






613.0

613.5

0.5

<500 - 610






613.5

614.0

0.5

<500






614.0

614.5

0.5

<500 - 4100






614.5

615.0

0.5

1500 - 6100






615.0

615.5

0.5

1400 - 4700






615.5

616.0

0.5

<500






617.5

618.0

0.5

<500 - 740






618.0

618.5

0.5

<500 - 3300






618.5

619.0

0.5

<500






620.0

621.0

1.0

<500






621.0

621.5

0.5

<500 - 630






621.5

622.0

0.5

<500 - 1600






622.0

622.5

0.5

760 - 2100






622.5

623.0

0.5

800 - 2800






623.0

624.5

1.5

<500






624.5

625.0

0.5

540 - 3100






625.0

625.5

0.5

1700 - 9100






625.5

626.0

0.5

1100 - 3300






626.0

626.5

0.5

<500 - 1700






626.5

627.0

0.5

<500 - 1000






627.0

627.5

0.5

<500 - 1400






627.5

628.0

0.5

520 - 2600






628.0

628.5

0.5

730 - 17500






628.5

629.0

0.5

<500 - 3200






629.0

629.5

0.5

<500 - 600






629.5

630.0

0.5

520 - 7600






630.0

630.5

0.5

720 - 39000






630.5

631.0

0.5

800 - 5700






631.0

631.5

0.5

570 - 8100






631.5

632.0

0.5

<500 - 2200






632.0

632.1

0.1

>61000






632.1

632.5

0.4

<500 - 55000






632.5

633.0

0.5

<500






633.0

633.5

0.5

<500 - 55200






633.5

634.0

0.5

1400 - 25400






634.0

634.2

0.2

24000 - 50500






634.2

634.3

0.1

>61000






634.3

634.5

0.2

21000 - 51500






634.5

634.7

0.2

>61000






634.7

635.0

0.3

3400 - 47500






635.0

635.2

0.2

>61000






635.2

635.5

0.3

2100 - 53500






635.5

636.0

0.5

<500 - 810






636.0

637.0

1.0

<500






637.0

637.4

0.4

<500 - 4200






637.4

637.5

0.1

>61000






637.5

637.7

0.2

<500 - 1100






637.7

637.8

0.1

>61000






637.8

638.0

0.2

<500 - 700






638.5

639.0

0.5

<500






639.0

639.5

0.5

<500 - 1850






639.5

640.0

0.5

2000 - 17500






640.0

640.5

0.5

550 - 11000






642.5

643.0

0.5

<500






643.0

643.5

0.5

<500 - 1100






643.5

644.0

0.5

<500






647.5

648.0

0.5

<500






648.0

648.5

0.5

<500 - 670






649.5

650.0

0.5

750 - 12000






650.0

650.5

0.5

<500 - 860






650.5

652.0

1.5

<500






652.0

652.5

0.5

<500 - 1090






653.0

653.5

0.5

<500 - 600






659.0

659.5

0.5

<500






663.5

664.0

0.5

<500






664.0

664.5

0.5

<500 - 5410






664.5

665.0

0.5

<500 - 690






675.0

675.5

0.5

<500 - 670






676.0

677.0

1.0

<500






677.5

678.0

0.5

<500 - 600






681.0

681.5

0.5

<500






697.0

697.5

0.5

<500 - 1000






705.5

706.0

0.5

<500 - 1300






723.5

724.5

1.0

<500

RK-25-272

270

-70

685.1

119.3

511.0

511.5

0.5

<500






511.5

512.0

0.5

<500 - 800






512.0

512.5

0.5

<500 - 1500






512.5

513.0

0.5

<500






521.0

522.5

1.5

<500






522.5

523.0

0.5

<500 - 590






523.0

523.5

0.5

<500 - 890






523.5

524.0

0.5

580 - 7200






524.0

524.5

0.5

<500






524.5

525.0

0.5

<500 - 1100






525.0

526.0

1.0

<500






530.0

530.5

0.5

<500






530.5

531.0

0.5

<500 - 1300






531.0

531.5

0.5

<500 - 800






531.5

532.0

0.5

<500 -700






532.0

532.5

0.5

<500 - 1500






532.5

533.0

0.5

500 - 15000






533.0

533.5

0.5

<500 - 600






533.5

534.0

0.5

800 - 23000






534.0

534.5

0.5

<500 - 600






534.5

535.0

0.5

<500 - 600






535.0

535.5

0.5

600 - 5000






535.5

536.0

0.5

1000 - 5000






536.0

536.5

0.5

600 - 2000






536.5

537.0

0.5

<500






539.5

540.0

0.5

<500






540.0

540.5

0.5

<500 - 630






540.5

541.0

0.5

<500






541.0

541.5

0.5

<500 - 580






541.5

542.5

1.0

<500






544.5

545.0

0.5

<500






545.5

548.0

2.5

<500






548.0

548.5

0.5

510 - 1700






548.5

549.0

0.5

640 - 1300






549.0

549.5

0.5

<500 - 3500






549.5

550.0

0.5

<500






550.0

550.5

0.5

630 - 5900






550.5

551.0

0.5

900 - 13000






551.0

551.5

0.5

<500 - 2100






552.5

553.0

0.5

<500 - 800






553.0

553.5

0.5

500 - 3800






553.5

554.0

0.5

<500 - 2800






554.0

554.5

0.5

1100 -7400






556.0

556.5

0.5

<500 - 1100






556.5

557.0

0.5

<500 - 2380






557.0

557.5

0.5

900 - 13800






557.5

558.0

0.5

1900 - 43000






558.0

558.5

0.5

4000 - 11900






558.5

559.0

0.5

<500 - 4600






559.0

559.5

0.5

<500 - 1500






559.5

560.0

0.5

<500 - 880






560.0

560.5

0.5

<500 - 1090






560.5

561.0

0.5

<500






561.0

561.5

0.5

<500 - 690






561.5

562.0

0.5

<500 - 1120






562.0

562.5

0.5

<500 - 580






562.5

563.0

0.5

<500 - 4000






563.0

563.2

0.2

>61000






563.2

563.5

0.3

<500 - 5300






563.5

564.0

0.5

<500






569.5

570.0

0.5

<500 - 870






570.0

570.5

0.5

<500 - 1200






570.5

571.0

0.5

<500 - 650






571.0

571.5

0.5

<500 - 590






571.5

572.0

0.5

2200 - 10000






572.0

572.5

0.5

<500 - 2900






572.5

573.0

0.5

<500 - 3700






573.0

574.0

1.0

<500






574.0

574.5

0.5

<500 - 1770






576.0

576.5

0.5

<500 - 6800






576.5

577.0

0.5

<500 - 4600






577.0

577.5

0.5

<500 - 10100






577.5

578.0

0.5

<500 - 590






578.0

578.5

0.5

<500






582.5

583.0

0.5

<500






584.0

584.5

0.5

<500 - 690






584.5

585.0

0.5

<500






586.5

587.0

0.5

<500






598.0

598.5

0.5

<500

 

  • All depths and intervals are meters downhole, true thicknesses are yet to be determined.

  • "Off-scale" refers to >61,000 cps (counts per second) readings by gamma spectrometer type RS-125.

  • "Anomalous" means >500 cps readings by gamma spectrometer type RS-120.

  • Where "CPS Range" is <500 cps, this refers to local low radioactivity within the overall interval.

  • Unconformity of 'N/A' denotes a lack of visible contact between Athabasca sandstone and basement rock.

  • Maximum internal dilution 2.0 m downhole.

  • All depths and intervals are meters downhole, true thicknesses are yet to be determined. Resource modelling in conjunction with an updated mineral resource estimate is required before true thicknesses can be determined.

About NexGen

NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future. The Company's flagship Rook I Project is being optimally developed into the largest low-cost producing uranium mine globally, incorporating the most elite environmental and social governance standards. The Rook I Project is supported by an N.I. 43-101 compliant Feasibility Study, which outlines the elite environmental performance and industry-leading economics. NexGen is led by a team of experienced uranium and mining industry professionals with expertise across the entire mining life cycle, including exploration, financing, project engineering and construction, operations and closure. NexGen is leveraging its proven experience to deliver a Project that leads the entire mining industry socially, technically and environmentally. The Project and prospective portfolio in northern Saskatchewan will provide generational, long-term economic, environmental, and social benefits for Saskatchewan, Canada, and the world.

NexGen is listed on the Toronto Stock Exchange, the New York Stock Exchange under the ticker symbol "NXE," and on the Australian Securities Exchange under the ticker symbol "NXG," providing access to global investors to participate in NexGen's mission of solving three major global challenges in decarbonization, energy security and access to power. The Company is headquartered in Vancouver, British Columbia, with its primary operations office in Saskatoon, Saskatchewan.

Contact Information

Leigh Curyer
Chief Executive Officer

NexGen Energy Ltd.
+1 604 428 4112
[email protected] 
www.nexgenenergy.ca

Travis McPherson
Chief Commercial Officer
NexGen Energy Ltd.
+1 604 428 4112
[email protected] 
www.nexgenenergy.ca

Monica Kras
Vice President, Corporate Development
NexGen Energy Ltd.
+44 7307 191933
[email protected]
www.nexgenenergy.ca

Technical Disclosure*

All technical information in this news release has been reviewed and approved by Jason Craven, NexGen's Vice President, Exploration, a qualified person under National Instrument 43-101.

Natural gamma radiation in drill core reported in this news release was measured in counts per second (cps) using a Radiation Solutions Inc. RS-125 gamma spectrometer. The reader is cautioned that total count gamma readings may not be directly or uniformly related to uranium grades of the rock sample measured; they should be used only as a preliminary indication of the presence of radioactive minerals.

A technical report in respect of the FS is filed on SEDAR (www.sedarplus.ca) and EDGAR (www.sec.gov/edgar.shtml) and is available for review on NexGen Energy's website (www.nexgenenergy.ca).

Cautionary Note to U.S. Investors

This news release includes Mineral Reserves and Mineral Resources classification terms that comply with reporting standards in Canada and the Mineral Reserves and the Mineral Resources estimates are made in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ from the requirements of the Securities and Exchange Commission ("SEC") set by the SEC's rules that are applicable to domestic United States reporting companies. Consequently, Mineral Reserves and Mineral Resources information included in this news release is not comparable to similar information that would generally be disclosed by domestic U.S. reporting companies subject to the reporting and disclosure requirements of the SEC Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of applicable United States securities laws and regulations and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to mineral reserve and mineral resource estimates, the 2021 Arrow Deposit, Rook I Project and estimates of uranium production, grade and long-term average uranium prices, anticipated effects of completed drill results on the Rook I Project, planned work programs, completion of further site investigations and engineering work to support basic engineering of the project and expected outcomes. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Statements relating to "mineral resources" are deemed to be forward-looking information, as they involve the implied assessment that, based on certain estimates and assumptions, the mineral resources described can be profitably produced in the future.

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the mineral reserve and resources estimates and the key assumptions and parameters on which such estimates are based are as set out in this news release and the technical report for the property , the results of planned exploration activities are as anticipated, the price and market supply of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate in the future.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, the existence of negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, conclusions of economic valuations, the risk that actual results of exploration activities will be different than anticipated, the cost of labour, equipment or materials will increase more than expected, that the future price of uranium will decline or otherwise not rise to an economic level, the appeal of alternate sources of energy to uranium-produced energy, that the Canadian dollar will strengthen against the U.S. dollar, that mineral resources and reserves are not as estimated, that actual costs or actual results of reclamation activities are greater than expected, that changes in project parameters and plans continue to be refined and may result in increased costs, of unexpected variations in mineral resources and reserves, grade or recovery rates or other risks generally associated with mining, unanticipated delays in obtaining governmental, regulatory or First Nations approvals, risks related to First Nations title and consultation, reliance upon key management and other personnel, deficiencies in the Company's title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licences, risks related to changes in laws, regulations, policy and public perception, as well as those factors or other risks as more fully described in NexGen's Annual Information Form dated March 6, 2024 filed with the securities commissions of all of the provinces of Canada except Quebec and in NexGen's 40-F filed with the United States Securities and Exchange Commission, which are available on SEDAR at www.sedarplus.ca and Edgar at www.sec.gov.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or statements or implied by forward-looking information or statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned not to place undue reliance on forward-looking information or statements due to the inherent uncertainty thereof.

There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280488